Common use of Costs to Be Reimbursed Clause in Contracts

Costs to Be Reimbursed. The term Cost of the Work shall mean all costs necessarily and reasonably incurred by Construction Contractor in the proper performance of the Construction Phase Services portion of the Work. Cost of the Work shall not include any costs ore expenses incurred by the Construction Contractor related to or incurred during the performance of the Pre-Construction Phase Services. Such costs shall be incurred at rates not higher than the standard industry rates paid at the place of the Project except with the prior written consent of Owner only after Construction Contractor has provided sufficient support in writing that exceptional circumstances exist, which justify the payment of rates higher than the standard. Items of Work not included in this Subsection 5.A. are compensable only as part of the Construction Management Fee and are otherwise not reimbursable. The Cost of the Work shall include only those items set forth below in this Subsection 5.A:

Appears in 10 contracts

Samples: Standard Construction Management Contract, Standard Construction Management Contract, Standard Construction Management Contract

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